https://www.taxtmi.com/caselaws?id=458164 Creating a trust over one's own property while appointing oneself as sole trustee is treated as a vesting of legal and beneficial interests under the Trusts Act, not as a gift under the Transfer of Property Act, because a gift requires a transfer to a distinct donee capable of acceptance. On that basis, the arrangement does not fall within the transactions regulated by Section 63 of the Bombay Tenancy and Agricultural Lands Act, which applies to gifts and other specified transfers. The stated effect is that the statutory bar was inapplicable and the reference to the Mamlatdar could not be sustained. en-us Fri, 27 Jul 1979 00:00:00 +0530 Fri, 11 Oct 2024 16:03:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458164 Creating a trust over one's own property while appointing oneself as sole trustee is treated as a vesting of legal and beneficial interests under the Trusts Act, not as a gift under the Transfer of Property Act, because a gift requires a transfer to a distinct donee capable of acceptance. On that basis, the arrangement does not fall within the transactions regulated by Section 63 of the Bombay Tenancy and Agricultural Lands Act, which applies to gifts and other specified transfers. The stated effect is that the statutory bar was inapplicable and the reference to the Mamlatdar could not be sustained. Case-Laws Indian Laws Fri, 27 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458164